Best Automated Bot Traffic

Worldnews24daily

Breaking News, Politics, Sports, Business, Entertainment

Home Business

Global Economic Crisis

by Mahfuz Anam
August 16, 2020 12:42 pm
in Business
0 0
Facebook
Global Economic Crisis

The global economic this year, various crisis were the only reality. Throughout the years, these crisis have been produced from various fields, once occupying the center of which is the trade war between China and the United States. Although the preliminary trade talks between the two countries in the last month of the year gives a glimpse of the situation, it is still not enough. Because the China-US bipartisan global economic has created such a huge crisis that the whole world has to go a long way in overcoming it.

In the meantime, the global monetary fund has predicted that global GDP growth will fall from
3.2 percent to 3 percent. At the same time, global economic production will decrease by 0.8 percent. When this is the context, economists think the world economy is in crisis.

Many theorists view the current crisis in the global economy as the underlying crisis of capitalism. In this case, they are also asking for help from the socialist structure. Their focus is mainly on increasing income and wealth inequality.

 financial crisis

According to the Global Inequality Index, less than 10 percent of the world’s population accounts for 84 percent of the total wealth. And 64 percent of people have only 2 percent of their wealth.

In this context, a section of economists calls for equal attention in both economic production and distribution. The other party is appearing for a grant economy. Their commentary, to strengthen the capital markets, must be done from within the framework. And that requires billionaires to be more generous.

Arguably, the world is now under capitalism. With the exception of the few, the main tune of the global economy is now tied to the wires of labor, private capital, decentralized and profitable production, wherein most major economies, the issue of labor unions is gradually becoming history. Labor unions have broken down because of too much profitable corporate capital. As a result, the opportunity for bargaining with wages has been reduced. As a result of this, increasing income and wealth inequality have appeared.

In this situation, a few hundred billionaires like Ray Dalio are openly discussing the capital’s new appearance. Their fears of mass movement are spreading all over the world. In a recent interview at the Greenwich Economic Forum, Ray Daley spoke directly of his apprehension. His call to the politicians of his country, “US politicians should declare existing wealth inequality as a national emergency and take action to counter it, or be prepared for violent protests, where we will all be subjected to killing one another.”

Business

The fear of hundreds of billionaires like Ray Dalio is obvious. The immense profits of the existing corporate capital are going to crush the stomach of the golden egg. And even if it does not take long for the mountain of wealth to disappear. Therefore, they are proposing a reform, which means that the capitalists should lend their hand a little more, so that the money left in the hands of the poor is greater, as long as they are quiet. Keeping this cool is very important.


The main dispute is now between the two structures of capital. One is regulated capital, the other is liberal capital. One of them is the United States, the other is China. As with any doctrine in the history of the world, multiple clauses over time and the conflict between them is nothing new. Capitalism is no exception. Global capitalism – it is said in total but it involves two forms of conflict, one of which is different from the other – politics, economic and social genre.

The capitalist structures that follow in various countries including North America, Western Europe, Japan, Indonesia, India are known as liberals. In this section, almost all of the production system is left to private ownership. In this system, a pseudo-freedom is spoken in terms of merit development, wealth acquisition, equality of opportunity, etc.

In each case, the state favors the top wealth holders. This whole system is known as the liberal stream of capital. On the contrary, the model of state-controlled capitalism, of which China is the greatest example. Nearby capital structures are followed in countries like Myanmar, Singapore, Vietnam, Azerbaijan, Russia, Algeria, Rwanda. This system favors high economic growth but narrows the political and social rights of the individual. Suffice it to say, the United States and China are leading the two categories mentioned above.

US Vs China

These two categories of capital are always in competition. At present, the competition has grown so much that it has appeared to the world as a trade war. These two clauses are also dependent on each other again. This competition and dependency is going on at the same time. It can be said that the two sides do not have the option of overcoming dependency.

Because 70 percent of the world’s total population lives in Asia, Western Europe and North America, which again occupies 80 percent of global economic output. As a result, trade, investment, labor, technology and exchange of ideas cannot be avoided. Again being a separate model, there is no alternative to competition.

The competition is now seeing the global economy, the result of which will be the structure of the future economy. However, that outcome will certainly not relieve countless people. This is because the unprecedented spread of aggression is evident between the two parties. 

In this case, to bring the socialist structure to the fore, leaders of this section need to create a strong example, which assures them of a better alternative to the working and Impoverished people in the world.

37.09024-95.712891

Related Posts

UK trade centers
Business

UK going to establish four regional trade centers

IMF sent Myanmar $350 million emergency aid
Business

Days before coup, IMF sent Myanmar $350 million in emergency aid

Global car production fall down
Business

Global car production fall down about 20%

British cairn energy threatens Indian government
Business

British cairn energy company threatens to seize Indian government assets

Elon Musk, Jeff Bezos world's richest person
Business

Elon Musk displaces Jeff Bezos again as world’s richest person

New Zealand central bank cyberattack
Business

New Zealand central bank hit by cyberattack

Top 7 tech companies 2021
Business

Top 7 tech companies added $3.4 trillion in value in last year

Zhong Shanshan richest person in Asia
Business

China’s Bottled water tycoon Zhong Shanshan now richest person in Asia

Next Post

Russia deploys hypersonic missile can change Military Balance in the World

Apple to Release Gaming Mac in 2020

Iran will revenge the killing of Qasim Solaimani

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us In Social Media

  • Trending
  • Comments
  • Latest
Facebook losing 2 million daily users US Canada

Facebook losing 2 million daily users in US and Canada

Joe Biden pledges free COVID-19 vaccine for all Americans

Joe Biden pledges free COVID-19 vaccine for all Americans, If elected

Scarlett Johansson and Colin Jost third married

Scarlett Johansson get secretly married for the third time

Coronavirus: At last medicine has been Discovered

Coronavirus Vaccine

Coronavirus vaccine: Positive results found after the trial run ‘Remdesivir’ drug

crude oil

US oil price less in history, Per barrel ‘Zero’ dollars

China Already Sents Troops To Iran

Netflix provide $100 Million support

Netflix provide $100 Million support relief Fund

Biden Greenhouse Gas emissions

Biden wants to cut Greenhouse Gas emissions in half by 2030

history of google

History Of Google

Hong Kong Father Of Democracy Martin Lee

Hong Kong’s ‘Father Of Democracy’ Martin Lee among activists facing Jail

Emma Stone baby

Emma Stone gives birth, welcomes first baby with husband Dave McCary

Recent News

Biden Greenhouse Gas emissions

Biden wants to cut Greenhouse Gas emissions in half by 2030

history of google

History Of Google

Hong Kong Father Of Democracy Martin Lee

Hong Kong’s ‘Father Of Democracy’ Martin Lee among activists facing Jail

Emma Stone baby

Emma Stone gives birth, welcomes first baby with husband Dave McCary

Worldnews24daily logo official

         Follow us

Mobile logo worldnews24daily

               Follow us

Home

World

United States

Coronavirus

Business

Sports
Asia

Europe

Technology

Middle East

US Election 2020

Entertainment

Home                         United States

World                         Coronavirus

Business                   Asia

Sports                        Europe

Technology             US Election 2020

Middle East             Entertainment

About Us
Privacy Policy
Terms and Conditions
Disclaimer
Contact Us

Copyright © 2021 Worldnews24daily – All rights reserved by WN24D Inc.

No Result
View All Result
  • Home
  • United States
  • US Election 2020
  • Coronavirus
  • Sports
  • Business
  • Asia
  • Europe
  • Middle East
  • Technology
  • Entertainment
  • More
    • About Us
    • Privacy Policy
    • Terms and Conditions
    • Disclaimer
    • Contact Us

Copyright © 2021 Worldnews24daily – All rights reserved by WN24D Inc.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In